Category Archives: 3D seismic

Fugro Completes Zeus 3D Seismic Survey, Offshore Australia

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MEO Australia Limited  advises that Fugro Multi Client Services Pty Ltd completed acquisition of the Zeus 3D Marine Seismic Survey on 31 st October 2011.

MEO has committed to purchase 323 km 2 of the seismic survey covering 4 graticular blocks within exploration permit WA-361-P which fulfills its Permit Year 2 work commitment. MEO expects to receive the 3D pre-stack time migrated (PSTM) data sets by early May 2012.

WA-361-P participants

Polarcus Alima: First Seismic Vessel to Pass along Northern Sea Route

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Polarcus Limited announced today that the Company’s ultra-modern 12-streamer 3D seismic vessel, POLARCUS ALIMA, has achieved a significant first in the seismic industry, having successfully transited to Asia-Pacific via the Northern Sea Route (NSR).

Her passage commenced on 15 September from Hammerfest in Norway after completion of seismic operations in the Barents Sea, taking her on a 3,000 nautical mile route along the northern coast of Russia to Cape Dezhnev in the Bering Straits.

The voyage was completed in just nine days. After passing the Bering Straits on 24 September POLARCUS ALIMA is presently continuing her onward passage to New Zealand to commence operations expected to run for up to 7 months in total. The voyage was made possible in part due to the vessel’s Arctic-ready capabilities, a unique feature of the Polarcus fleet in the seismic industry. Under the Russian Federation’s 1990 Regulations for Navigation on the Seaways of the Northern Sea Route, vessels making the passage are required to hold an ICE-1A or higher ice class.

The expected time savings in transit between Norway and New Zealand compared to the traditional route through the Panama Canal amounts to some eight days. The savings versus the Suez Canal, a necessity for some larger seismic vessels, amounts to thirteen days. The passage via the NSR therefore presents significant time-related benefits for Polarcus and its clients.

This is the first known passage of a 3D seismic vessel along the Northern Sea Route. Preparations for the voyage were carried out in close cooperation with Tschudi Arctic Transit AS through its Russian – Norwegian JV company Arctic Bulk AG, Atomflot, and the Northern Sea Route Administration in Moscow.

Commenting on the successful transit Rolf Rønningen, CEO Polarcus, said: “The successful navigation of Polarcus Alima along the Northern Sea Route has been achieved through the dedication and hard work of our in-house operations personnel, the Northern Sea Route Administration, and our crew onboard the seismic vessel. The result of this outstanding teamwork has been to achieve significant savings in fuel, emissions, and most significantly time during a milestone transit that effectively provides Polarcus a viable new sea bridge between two important operational markets.”

Original Article

Vietnam Approves Full Development Plan for Te Giac Trang Field

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The Company has been informed by the Hoang Long Joint Operating Company, the Operator of Block 16-1 in the Cuu Long Basin offshore Vietnam, that PetroVietnam has relayed the Government of Vietnam’s agreement to the extension period for the Te Giac Den Appraisal area.

The extension period is for 15 months (from 1st January 2011 to 30th April 2012) or 21 months (from 1st January 2011 to 31st October 2012) in the event that the Company elects to drill a well.

Several 3D seismic acquisition options are currently being reviewed and it is anticipated that acquisition of the 150 square kilometre 3D programme will commence in late June to early July 2011.

PetroVietnam has also informed the Company that the Government of Vietnam has approved the Full Development Plan for the Te Giac Trang Field, incorporating the second phase development. Installation activities in the field are ongoing and the H4 jacket for second phase drilling and production has been installed. The project remains on target for Phase I production start in August 2011.

Original Article

UAE: Polarcus Receives LoI for 3D Offshore Seismic Survey

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Polarcus Limited has received a Letter of Intent for a 3D offshore seismic acquisition project for an undisclosed client. The project, subject to the execution of a service contract, will commence in Q2 2011 and is expected to run for approximately 100 days.

As a result of this announcement the Company’s backlog at date has increased to 23 vessel months in total.

About Polarcus

Polarcus  is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 400 professionals. The Company’s principal office is in Dubai, United Arab Emirates.

Original Article

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